Thank you, Chairwoman Biggert. Ms. Holston, does HUD use a competitive method to, or a merit-based system to award counseling funding?
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McHenry questions the competitive process for HUD counseling funding.
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This raises serious concerns that the rulemaking process is being rushed, undermining the quality of our securities laws.
From the SEC registered broker perspective--and, of course, we have our affiliate, Robinhood Crypto, that is not registered--it is doable today to provide these customer protections.
To quote Senator Gillibrand, 'Establishing a regulatory framework that spurs innovation, develops clear standards, develops appropriate jurisdictional boundaries, and protects consumers.'
For platforms that want to do it right, that care about their customers, that care about customer protection, it is absolutely doable now, without legislation.





